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The profit for the year before appropriation in a partnership firm was Rs.50,000 Shagun, one of the partners, receives a salary of Rs.4,000 and intere
Question



The profit for the year before appropriation in a partnership firm was Rs.50,000 Shagun, one of the partners, receives a salary of Rs.4,000 and interest at ten per cent per annum on his capital of Rs.1,00,000. Amir, the other partner, receive interest on capital at the same rate as Shagun. Amir’s capital was Rs.89,000. They share profits and losses equally. What was the total share of profits credited to Amir’s current account?

A.

Rs.13 ,550

B.

Rs.15,350

C.

Rs.22450

D.

Rs.24,350

Correct option is C



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